GE to Finance Electric Vehicle Purchases of the Low-Speed GEM Variety

Judging by its name, you’d expect General Electric to have an attachment to electric. Guess what? GE does.

GE Capital Will Finance Electric Vehicles, But Only Low Speed Ones

Remember a couple years back when GE announced it would purchase 25,000 plug-in vehicles within five years’ time? Well, that buying process is underway and GE even entered the charging business with its WattStation unit.

Now, GE is entering the financing side of the electric vehicle equation.

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I was initially going to buy a GEM years ago, but then a local restaurant owner who had one told me she was having trouble getting it serviced.. From the website, it looks as though they’ve made no attempt to modernize what is now a very old product.